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Reed

Reed is a neighborhood in Sparks, NV, characterized by a seller's market with homes costing slightly more and selling a bit slower than other homes in Sparks.
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Reed has 3.18 months of inventory which is considered a Seller's Market. Months of inventory is a simple way to measure the heat of a market in terms of supply vs. demand. To calculate it, divide the total available listings last month by the number of listings sold in that month. 6 months of inventory is considered a neutral market. Less favors sellers. More favors buyers. On average, homes in Reed cost 0.9% more than other homes in Sparks and sell 6.9% slower.

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